On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied to consumer spending, commercial loans and delinquencies. Earnings supplementals and management commentary will provide a...
Stocks swooned into the end of the week, as inflation data from the government showed us all that inflation’s here to stay, perhaps longer than many investors had anticipated. And as a result, the read across is that interest rate cuts from the Federal Reserve...
The Fed may not cut rates as soon as many on Wall Street would have hoped. And that means, at least for now, dampened enthusiasm for loans, perhaps some pressure on loan payments … … and so the FinTech IPO Index plummeted 6.6% in a...
The last few names are coming in with their earnings reports — and while September’s quarter end seems long ago and far away, investors largely cheered the FinTech IPO names that disclosed results. The FinTech IPO Index was up 5.1% this past week. MoneyLion Leads...
April 19, 2024
If there was a theme marking the past five days of trading, after the big banks reported earnings, and as the digital lenders that populate the FinTech IPO Index showed, this was the week the platforms plummeted. Hippo Insurance slipped 14.8%, and Opendoor gave up 12.4%. OppFi slipped 12.1%. Though company-specific headlines might have been scarce, it […]
April 12, 2024
On Friday (April 12), big banks will weigh in with their latest quarterly results, kicking off earnings season in an official manner. JPMorgan, Wells Fargo and Citi will give insight into the trends tied...
March 15, 2024
Stocks swooned into the end of the week, as inflation data from the government showed us all that inflation’s here to stay, perhaps longer than many investors had anticipated. And...
January 19, 2024
The Fed may not cut rates as soon as many on Wall Street would have hoped. And that means, at least for now, dampened enthusiasm for loans, perhaps some pressure...
February 07, 2023
Digital loan platform OppFi has introduced a same-day funding service aimed at underserved borrowers. The service lets qualified customers who apply and get approval by 1 p.m. on business days receive funding the same day, according to a Tuesday (Feb. 7) press release. “The same-day funding service supports OppFi’s overall commitment to improving customer financial […]
March 11, 2022
FinTech OppFi Inc. on Monday (March 7) filed a complaint in Los Angeles Superior Court against California’s Commissioner of the Department of Financial Protection and Innovation (DFPI), in relation to...
February 28, 2022
The board of directors at FinTech OppFi Inc. on Monday (Feb. 28) named founder Todd Schwartz as chief executive officer, replacing Neville Crawley in that role. Crawley, who became CEO...
December 20, 2021
OppFi, a FinTech that powers banks to broaden credit access, announced Monday (Dec. 20) that effective Dec. 31, company president Neville Crawley will succeed Jared Kaplan as CEO. Kaplan will...
